The China Orthosis and Prosthetics Market Is Estimated To Increase At A CAGR Of 4.2 Percent During The Forecast Period 2020-2028

An orthosis is a device put externally to change the anatomical or functional properties of the neuro musculoskeletal system. Alternative definition: A device that supports, aligns, prevents, or corrects abnormalities or improves the function of the body's moveable components. A prosthetic device is an artificial replacement for a missing bodily part. The artificial parts that are most typically utilized for prostheses replace missing limbs and legs. Still, bone, artery, and heart valve replacements are also common, including artificial eyes and teeth.


From 2021 to 2028, the global China Orthosis and Prosthetics Market is predicted to rise at a CAGR of 4.2 per cent, from USD 6.11 billion in 2020 to USD 6.11 billion in 2028. The global market is expected to be driven by an increase in sports injuries and road accidents, a rise in diabetes-related amputations, and the prevalence of osteosarcoma around the world. Many regulatory authorities and non-governmental organizations responded to the shifting situation during the epidemic. Furthermore, the growing geriatric population is likely to support China Orthosis and Prosthetics Market growth. The ageing population has increased the number of high-risk patients, especially those with comorbidities and weakened immunity, susceptible to orthopaedic illnesses.


North America dominated the global China Orthosis and Prosthetics Market in 2020, with a revenue share of over 37%, and this trend is expected to continue over the forecast period. The presence of well-established healthcare infrastructure, increased R&D investments by firms, and attractive reimbursement rules in the region are all factors in the region's growth. Furthermore, the market is predicted to rise due to the rising prevalence of osteosarcoma and sports injuries. The emphasis on quality of care and value-based services in the US healthcare system has created a positive market climate for prosthetics and orthotics. Over the projected period, the Asia Pacific China Orthosis and Prosthetics Market is expected to be the fastest-growing regional market. A surge in road accidents, rising cases of diabetes-related amputations, and supportive government activities are driving the regional market.


Ottobock, Össur hf, Teh Lin Pros. & Ortho. Inc., Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd., Hebei Baisite Prosthetic Orthotic Technology Co., Ltd., Beijing Jingbo Prosthetics & Orthotics Technical Co., Ltd., and Nobel China Limited are the major key players in the China Orthosis and Prosthetics Market.

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